LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets downgraded Wizz Air to 'sector perform' from 'outperform' on Friday and slashed the price target to 1,500p from 2,400p, saying it was "throwing in the towel" after the airline's full-year results.
On Thursday, Wizz reported a 61% decline in full-year operating profit to €167.5m, well below the €246m expected by analysts.

RBC said it was making the downgrade as it cut its FY26 estimated NPAT by 31% - 37% below consensus compiled pre FY25 results - and reflects FY25 net debt above its forecast.

"We think investors are likely to treat scope for improvement as a 'show me story' and we do not expect Wizz Air's recovery potential to be realised in FY26," it said.

RBC said that its price target and recommendation are on a sector-relative basis 12-month view.

"We think risk-reward is more attractive in other low-cost carriers, where we have greater confidence that fuel and FX tailwinds will translate into earnings upgrades," it said.

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